Retail FX brokerage FxPro has today announced a series of spread cuts across its major currency pairs.
The company considers itself to be the first to make such a move following the fallout from the removal of the 1.20 floor on the Swiss franc by the Swiss National Bank on January 15.
The company has reduced its commission alongside cutting the spread on major pairs, for example, on cTrader accounts, FxPro has reduced commission by 30% from $65 per million to $45 (i.e. $0.45 per $10,000).
Whilst this may be regarded as a somewhat bold move, FxPro explained to LeapRate that it demonstrates the company’s commitment to offering not only an exceptional service in terms of platforms, trade execution and tools, but also in terms of value.
Full details of FxPro spreads can be viewed by clicking this link.